Card Set Information
Accounting Financial Management Chapter 12
Principles of Business Administration
All income that a business receives over a period of time.
Costs of operating a business
Provides detailed plans for the financial needs of individuals, families, and business.
Plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable.
Describes the financial plan for ongoing operations of the business for a specific period
An estimate of the actual money received and paid out for a specific period.
Used to record and analyze the financial performance of a business.
What a company owns
Are what a company owes
The value of the owners investment in the business
The assets, liabilities, and owner's equity for a specific date are listed
To report the revenue, expenses, and net income or loss from operations for a specific period, a business prepares an . . .
The financial record of employee compensation, deductions, and net pay
The documentation used to process earnings